Platinum International Health Care Fund

Platinum International Health Care Fund invests in health care companies from around the world, ranging from those engaged in early exploratory research to those providing health care services directly to consumers.

Established in 2003, the fund now has A$260.6 million under management^ and a track record of achieving 09.8% compound return annually since inception (on 10/11/2003).*

Platinum International Health Care Fund provides exposure to companies engaged in the provision of a wide range of products and services within the global healthcare ecosystem. It invests in multinational pharmaceuticals as well as emerging biotechs with cutting-edge R&D; hospital chains and nursing care operators as well as providers of diagnostic and laboratory technologies; health insurers as well as healthcare software providers.

“Long %” represents the Fund’s effective exposures to the relevant sectors as a percentage of the Fund’s NAV, taking into account direct stock holdings and long derivative positions (stocks and indices). “Net %” represents the Fund’s net exposures to the relevant sectors as a percentage of the Fund’s NAV, taking into account direct stock holdings and both long and short derivative positions (stocks and indices).

“Long %” represents the Fund’s effective exposures to the relevant regions as a percentage of NAV through stock holdings and long derivatives (stocks and indices). “Net %” represents the Fund’s net exposures to the relevant regions as a percentage of NAV through stock holdings and both long and short derivatives (stocks and indices). “Currency %” represents the Fund’s effective exposures to the relevant currencies as a percentage of NAV through stock holdings, cash and the use of derivatives.

The “Top 10 Positions” table shows the Fund’s top 10 long stock positions as a percentage of the Fund's NAV, taking into account direct stock holdings and long derivative positions.

Fund returns are annualised, are calculated using the net asset value per unit (which does not include the buy/sell spread) of C Class of the fund, and represent the combined income and capital returns of C Class over the period from its inception date (as specified) to 30 April 2019. Returns are net of accrued fees and costs, are pre-tax, and assume the reinvestment of distributions. The investment returns shown are historical and no warranty can be given for future performance. Historical performance is not a reliable indicator of future performance. Source: Platinum Investment Management Limited.